SCA Group definition
Examples of SCA Group in a sentence
Except for the representations and warranties contained in this Agreement and the Ancillary Agreements, neither SCA nor any other Person makes any express or implied representation or warranty on behalf of or with respect to SCA or any other member of SCA Group, and SCA hereby disclaims any representation or warranty not contained herein or therein.
XL Capital agrees that it will not change or alter coverages under such policies with respect to such acts, omissions, events or occurrences in a manner that would materially and adversely negatively effect the ability of the SCA Group (or such officers or directors), based upon such policies as in effect on the date hereof, to make a recovery thereunder.
It is expected that after the Closing Time, other than as respects claims made after the Closing in respect of acts, omissions or events or occurrences occurring up to and including the Closing Time, each member of the SCA Group will cease to be covered under the insurance policies covering XL Capital and its affiliates with respect to: (i) directors' and officers' liability, (ii) employment practices liability, (iii) errors and omission liability, (iv) pension trustees liability and (v) fidelity.
SCA shall promptly inform XL Capital of any matters of potential consequence to any member of the SCA Group or XL Capital as a result of any communication or presentations with research analysts or investment banks.
SCA acknowledges that coverages under such policies will be subject to the terms and conditions, including limits, as from time to time established by XL Capital with respect to such coverages for XL Capital and its subsidiaries, including the SCA Group.
Until the occurrence of the Voting Restriction Termination Event (unless otherwise prohibited by applicable law, rule or regulation), SCA shall provide to XL Capital copies of all reports and examinations of any applicable regulators or rating agencies of any member of the SCA Group, promptly upon receipt thereof by the SCA Group.
XL Capital acknowledges, for the benefit of the directors and officers of SCA Group, that the indemnification and related expense reimbursement arrangements provided in the Articles of Association of XL Capital, as in effect on the Closing Time shall, to the extent available by its applicable terms, continue with respect to acts or omissions occurring prior to the Closing Time.
SCA shall promptly inform XL Capital in advance of any matters of potential consequence to any member of the SCA Group or XL Capital as a result of any other communications or presentations with rating agencies.
The Group and the SCA Group have always maintained a good business relationship.
Communications with investment bankers, in their capacity as actual or prospective clients or sources of business for, SCA Group shall not be covered by this paragraph.